...Heritage Doll Company: Capital Budgeting In the case of the New Heritage Doll Company, Emily Harris, Vice President of the company’s production division, is in the process of reviewing and analyzing two capital budgeting proposals within her division. Both proposals intend to spur long-term growth and to strengthen the division’s innovative product lines. Based on various financial and logistical constraints, Harris would only be able to choose one of the projects. The first project, proposed by Marcy McAdams, involves expanding the Match My Doll Clothing Line (MMDC). The second project proposed by Elizabeth Holtz, aims to introduce customization to the existing doll line, Design Your Own Doll (DYOD). In order to correctly identify which project is more compelling and valuable, Harris needs to carefully evaluate the projects based on qualitative and quantitative metrics such as the NPV, payback period, IRR and how well each project is aligned with corporate goals and strategies. When comparing the value of two proposals within a division it is important to not only compare the net present value of the two, but to also consider how each project aligns with the company’s high-level strategies, core competencies and manufacturing capabilities. Unlike the DYOD proposal, MMDC has already established itself as a successful operation allowing Emily to analyze historical and factual data as opposed to mere projections. On the other hand, one must question whether manufacturing children’s...
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...LENGTH | |What This Is | |Templates for creating a brief description of a new project idea, typically used as input to a project portfolio planning process. The goal | |is to not only capture good ideas for new projects, but also to provide a crisp and consistent format that allows new project ideas to be | |rapidly and systematically compared with projects already in the start queue or in operation. | |Several examples are included to show how a proposal form can be used in the early days of a new project idea. Some proposals are used to get | |new ideas into consideration as potential projects, even when only the idea and sketchy idea of its potential return is known. Other more | |detailed proposals go further to include detailed business justification information and first estimates of costs and benefits, so that | |Executive Management can make decisions about whether to fund the project and when. Examples of both are included. | |Why It’s Useful |...
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...Assignment on Project Management(PJTM-402) Topic: Project Proposal Submission Submitted To: Mr. Md. Sarwar Uddin Assistant Professor Faculty of Business Administration BGC Trust University Bangladesh Submitted By: Smile Group ID Name of group member Remarks 1016124 Md. Kamal Uddin 1016145 Md. Rashedul Karim Rakil 1016147 Ismail Mohammad 1016099 Afroja Sultana 1016115 Prianka Das 1016141 Sadia Begum 1016177 Dipa Deb Bormon 1015028 Sufia Sultana Date of Submission: October 26, 2013 Letter of Transmittal October 26, 2013 Mr. Dhiman Borua Lecturer Faculty of Business Administration BGC Trust University Bangladesh BGC Biddyanagar Campus Subject: Submission of group Assignment Dear Sir, We are glad to inform you that we have completed our group assignment on “Project Proposal Submission”. We have gathered extensive knowledge while we were doing this assignment. Though there was some limitation and difficulties but we tried our level best to eliminate those limitations with your help and your guidelines. We also express my honest confirmation in support of the fact that the said Assignment has neither been used before to fulfill any other course related purpose nor it will be submitted to any other person or authority in future. Yours sincerely, ………………………………… Md. Kamal Uddin (Group leader) On Behalf of “Smile Group” BBA , 7th Semester(sec:B), 16th Batch Faculty of Business Administration. Table of contents ...
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...U.S.-Israel Science & Technology Foundation Tips on How to Write a Proposal In addition to the title page and budget forms, the USISTF only provides a general outline of the items to include in a proposal. Here are some tips to help you prepare a better proposal. Before you begin preparation of your proposal, carefully read the “Request for Proposals” (RFP) and “Frequently Asked Questions” (FAQs) to clearly understand the issues to be addressed and the information you are required to submit. All proposals must include certain basic information. These basics include: Why are you doing this project? What will you be doing? How will you be doing it? Who will be doing it? Where will it be done? How long will it take? How much will it cost? The following generic proposal template is provided for guidance only. The USISTF does not require a specific format. Follow this format in organizing your thoughts for preparing your proposal. Executive Summary: Some people consider this the most important part of the proposal because it is the reviewer’s first impression. Even though it appears first, write it last because it is a summary of the proposal. The executive summary is a concise description of the project covering objectives, need, methodology, and dissemination plans. It should identify the expected outcomes of the project. An executive summary should be less than 750 words and fit on one page. Need: Well-documented description of the problem to be addressed and why it is important...
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...RESEARCH PROPOSAL Objectives On reading this chapter you should: • • • • • • • • understand the importance of choosing a research topic that lends itself to a ’do-able’ project; be able to evaluate potential topics; be able to formulate a valid research question (and hypothesis); understand the importance of creativity, and its relationship to innovation in formulating your research question; understand the integral role played by the research question; understand the vital role of the research proposal; be aware of the common pitfalls to be avoided in writing a successful proposal; and be able to write a logical and persuasive research proposal. Overview Chapter 3 deals with the practical issues of choosing an appropriate topic for your research project, and with the all important task of developing a research proposal. Section 3.1 deals with the practicalities of evaluating topics from your potential list, in order to choose the most appropriate for your project. Section 3.2 focuses on how to formulate a good research question. The role of the research question and different types of questions are dealt with in Section 3.3. Section 3.4 highlights the functional importance of the research proposal, which is often neglected by undergraduate students. The proposal acts as an exercise in thought, a reference point for supervision, and also as a motivational device. Section 3.5 deconstructs the proposal into its major components in order to make the development of the proposal more...
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...2/18/2014 To: Heathcot-Lynn Foundation Board of Directors Subject: Overall Review and Funding Decisions of Proposals The Heathcot-Lynn Foundation has been an innovator in the health and safety sector for many years. Due to the popularity of this foundation the amount of proposals received is astronomical. In a perfect scenario, funding could be given to every proposal, seeing as how perfect scenarios are almost impossible to come by some tough decisions need to be made. My team and I have given much thought to the $3000 we can allocate across the four different proposals. Procedures The most important part for every member on our team to understand is what a good proposal looks like, and what it takes for an idea to be funded. After our team understood that idea they were able to analyze each proposal individually, so individual opinions could be formed to enable constructive input in the larger group meeting. Keeping in mind the evaluation criteria Heathcot-Lynn provided us; need for project, goal, project approach, cost, and impact our team got down to work collaboratively. Findings The first proposal submitted by the Skyline Coalition comes to us with not just one issue, but two. Right away it is clear to understand the need for, and goals of this project. The first problem arises when looking at the project approach criteria. The proposal doesn’t say how they plan on sustaining the prescription distribution beyond the three month time frame funding would allow...
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...------------------------------------------------- Writing Assignment 2 – Proposal Project Purpose By completing this assignment, students will learn to prepare a short proposal for an idea, product, or service. The assignment demonstrates the necessary components of short proposals and allows practice of persuasive writing techniques. Task In this project, you will prepare a short proposal. The proposal will contain three main sections: an introduction, a body, and a conclusion. Suggestions for the content for each of the major sections of your proposal are provided at the end of these instructions. Project Details Prepare a proposal for an idea, product, or service. Your proposal will be delivered to a decision maker. Your proposal must be 500-800 words. Examples of proposals written by past students include: * A recycling proposal for a Tim Hortons store, written by an employee * A new process for storing and picking parts for an auto parts manufacturer, written by a line worker * A proposal for a summer floor hockey league for the College, written by a student * A proposal for contributing left over restaurant food to the Downtown Mission, written by a Mission volunteer * A proposal to build a maintenance shed for a church, written by a parishioner * A proposal to perform basic landscaping duties for a business, written by a student looking for summer employment * A proposal to write a monthly newsletter for an employer, written by an employee * A proposal to a community centre requesting...
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...It is my attempt to share some of the many ideas that have surfaced over the past few years that definitely make the task of finishing a graduate degree so much easier. (This Guide is a companion to the Guide for Writing a Funding Proposal.) Usually a guide of this nature focuses on the actual implementation of the research. This is not the focus of this guide. Instead of examining such aspects as identifying appropriate sample size, field testing the instrument and selecting appropriate statistical tests, this guide looks at many of the quasi-political aspects of the process. Such topics as how to select a supportive committee, making a compelling presentation of your research outcomes and strategies for actually getting the paper written are discussed. Of course, many of the ideas that are presented can be used successfully by other graduate students studying under the guidance of other advisers and from many different disciplines. However, the use of this guide carries no guarantee - implied or otherwise. When in doubt check with your adviser. Probably the best advice to start with is the idea of not trying to do your research entirely by yourself. Do it in conjunction with your adviser. Seek out his/her input and assistance. Stay in touch with your adviser so that both of you know what's happening. There's a much better chance of getting to the end of your project and with a smile on your face. With this in mind, enjoy the guide. I hope it will help you finish your...
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...Requisition and Solicitation TS5333- Project Bdgt Procur & Quality November 22, 2015 Contents Introduction 2 Request for quotation 2 Request for Proposal 3 Request for Information 4 Invitation to Bid 5 What is Best for this Project 6 References 7 Introduction Procurement documents make up the package you send out to potential sellers. This package can be called a bid, tender, or quotation when the primary deciding factor is price. When the buyer is looking for a technical solution and is weighing factors other than price, you might hear the term proposal. (Phillips, 2010) Procurement planning is the process of identifying which project needs can be best met by procuring products or services outside the project organization. It involves consideration of whether to procure, how to procure, what to procure, how much to procure, and when to procure it. When the project obtains products and services from outside the performing organization, the processes from solicitation planning. (Project Management Institute) Request for quotation A request for quotation (RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ generally means the same thing as IFB (Invitation for Bid). An RFQ typically involves more than the price per item. Information like payment terms, quality level per item or contract length are possible to be requested during the bidding process. (Rosemann, 2010) To...
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...the proposal titled, “Vancouver Island Eco Initiatives – Request for Proposals VIEI-11-02,” by Kristin Kidd, the writer describes the idea that given the current environmental status of the world, it would be immensely beneficial to introduce a course that teaches students how to be environmentally conscious. By incorporating details of current environmental ill practices, the writer describes how climate change, depletion of natural resources and increased waste production justify the need for this new course. The writer goes on to explain how the program will run and how much it will cost. However, with better formatting, more accessible language and a more realistic explanation of the drawbacks, the proposal will better encompass the...
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...The Business Project Assignment Handbook A. The Proposal Submission : Tuesday 8th January 2013 B. The Project Submission : Tuesday 30th April 2013 Introduction: The Business Project has 2 elements of assessment which together make up the overall grade for the module. The first is the Proposal which is the preparatory stage for your project, the second is the project itself. Both elements are important and work for the proposal needs to start from day 1 of the module. Topic Choice : You have a great deal of freedom in your choice of topic. The only parameters are that your topic should relate to the financial world. It can be about accounting, money, finance, banking, regulation, markets – almost anything provided it has a business focus and some link to accounting and finance on a broad scale. Whilst primary research is possible (eg interviews, surveys) it is likely that the majority of the research you carry out will be from secondary resources such as published literature, reports, journals, databases – you will need to be realistic about what is possible in the timescale and also in the level of access to primary sources you may (or may not) have from your own personal contacts and networks. You will need to read broadly around recent issues in the financial world and link this to the other modules you are studying to identify an issue of interest. You will need to find links to academic research and carry out a critical evaluation of potential sources...
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...Steps to Writing a Grant Proposal Writing a grant proposal requires practice and procedure. Many grant request are denied the first time they are submitted. Luckily, there are steps that one can follow to make the process a little bit easier and with practice and revision; a quality grant proposal will be the result. In order to get started with writing a grant proposal, an agency must have all its information and research organized. Then an agency needs to be found that has funding and is looking to support a program like the one the grant proposal is for. For this paper, I will use the scenario three, PEACE Domestic Violence Agency (PEACE) to summarize a grant proposal’s writing steps, outline the process, and create a needs and problem statement. The first part of the grant proposal PEACE needs to develop is the table of contents, which will also be one of the last parts to finish. It is a guide to what is in the proposal and where to find it. It is one of the first things to be developed because it serves as a checklist during the writing process and is one of the last to be finished because the pages where each section can be found will not be known until the proposal is mostly finished. The next part is specific aims. This section can be referred to as or includes as subsections the needs and problem statement, the background and significance, or the literature review. In this section, it is important for PEACE to express that they know what they are doing and why...
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...PROJECT PROPOSAL 1.0 Introduction This paper will give the meaning of a project proposal. It will also give the importance of a project proposal. In addition it will give the characteristics of a good proposal and finally go into the details on the components of a project proposal. 2.0 Definition. 2.1 Project proposal A project proposal is a detailed description of a series of activities aimed at solving a certain problem (NEBIU 2002). In order to be successful, the document should provide a logical presentation of a research idea; illustrate the significance of the idea. Project proposals are documents designed to present a plan of action, outline the reasons why the action is necessary, and convince the reader to agree with and approve the implementation of the actions recommended in the body of document. Generally the project proposal should outline the task at hand and how it is to be accomplished by giving details of methods its background, what is already known and how facts will be gathered and analyzed. 3.0 COMPONENTS OF A PROPOSAL 1. Cover/ Title Page The name of the project is formal because it is to be used in coding or filling. This consists of the title, applying agency, motto, project duration and amount of requested financial assistance. The title covers main areas/focus/target and needs to be coherent/ consistent with the project description. States the title of the project, your institution’s name, address, phone, contact person, the name of the person/organization...
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...start doing the work. Before the project can proceed, a contract must be signed between the customer and the contractor. A contract is a vehicle for establishing good customer–contractor communications and arriving at a mutual understanding and clear expectations to ensure project success. It is an agreement between the contractor, who agrees to perform the project and to provide a product or service (deliverables), and the customer, who agrees to pay the contractor a certain amount in return. The contract must clearly spell out the deliverables the contractor is expected to provide. For example, a contract will state that the project result will meet certain specifications or that certain documentation will be provided. The contract must also state the terms by which the customer will make payments to the contractor. There are basically two types of contracts: fixed-price and cost-reimbursement. FIXED-PRICE CONTRACTS In a fixed-price contract, the customer and the contractor agree on a price for the proposed work. The price remains fixed unless the customer and the contractor agree on changes. This type of contract provides low risk for the customer because the customer will not pay more than the fixed price, regardless of how much the project actually costs the contractor. However, a fixed-price contract is high risk for the contractor because if the cost of completing the project is more than originally planned, the contractor will make a lower profit than anticipated or...
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...submitting a proposal to upgrade the information system for the entire regional medical practice. The project included integrating the six offices and two pharmacies into one system; the physicians will eventually hire an information systems person to oversee the operation of the system. Dr. Houser wanted Paul’s firm to do it, rather than other large consulting firms, which had prepared a request for proposal with the help of the organization’s purchasing manager. However, the divergence existed among Paul’s group. Paul was enthusiastic about the opportunity, while Maggie moaned that she couldn’t spend any time helping with the proposal, and Steve said this project was too big to do for them. Significant Learning Points 1. Sometimes organizations identify several or many needs but have limited funds and people available to pursue potential projects to address all of those needs. In this case, the three partners must go through a decision-making process to prioritize and selected the project that would result in the greatest overall benefit. 2. Projects are identified in various ways by different organizations. It is important to clearly define the need. This may require gathering data about the need or opportunity to help determine if it is worth pursuing. Paul wanted to propel their firm into a new business arena, while Maggie and Steve thought it was not the best decision. They focused on different objectives. 3. Develop a set of criteria against which the project will...
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